Featured News
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PEEC releases guidance on attest client association
Recent guidance from the PEEC adds a new interpretation that includes a reporting requirement triggered by a member’s intent to accept an attest client’s offer of employment.
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IRS finalizes regulations for Roth catch-up contributions
The IRS and Treasury issued final regulations on Monday, Sept. 15, that address several SECURE 2.0 Act provisions relating to catch-up contributions.
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Fed trims main interest rate by quarter-point
The Federal Reserve on Wednesday, Sept. 17, trimmed the benchmark interest rate by a quarter point to a range between 4% and 4.25%.
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IRS announces tax relief for certain Wisconsinites impacted by severe storms
The IRS has announced tax relief for individuals and businesses in parts of Wisconsin affected by severe storms, straight-line winds, flooding and mudslides that began on Aug. 9, 2025.
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IRS unveils new draft of Schedule 1-A form
The IRS released a draft of Schedule 1-A (Form 1040) that consolidates the calculations of tax deductions for tips, overtime, car loan interest and seniors allowed under H.R. 1.
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PCAOB issues new broker-dealer guidance for auditors
The PCAOB has published a new staff document titled “Broker-Dealer Audit Focus: Review Engagements Regarding Exemption Reports,” targeting auditors of broker-dealers.
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MAP Survey finds CPA firm starting pay on the rise
Results from the 2025 MAP Survey found that CPA firms are boosting compensation for new graduates.
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MAP Survey: CPA firms report steady growth in revenue, profit
Accounting firms across the country are reporting strong revenue growth and continued increases in staff compensation at all levels, according to results from the AICPA’s 2025 MAP Survey.
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US small business optimism on the rise, survey finds
Sentiment among U.S. small businesses edged higher in August, the National Federation of Independent Business (NFIB) reported on Tuesday, Sept. 9.
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IRS issues warning on social media tax fraud schemes
The IRS is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of tax credits.